CryEngine 3′s officially ready for third-party consumption, and Crytek’s released a new trailer to celebrate. Despite Crytek’s jaunt into console land, the trailer’s still bonkers beautiful. Don’t believe us? See for yourself. Or, if you’d rather read about the feast your eyes are gearing up to scarf down, look at this:

“CryENGINE 3 also introduces CryENGINE 3 Live Create™,” reads the press release. “It allows developers to work with a single editor, but see and play the results in real-time on PC, PS3 and Xbox360, hooked up to a single dev PC. The engine takes care of the conversion and optimization of assets in real-time; enables instant, cross-platform changes to any part of game creation and as a result materially increases the speed, quality and significantly reduces the risk of multiplatform development.”

Granted, everyone and their ITT Tech professor is developing cross-platform games these days, but we still think this has the potential to radically alter the triple-A game development scene. Less muss and fuss over the eccentricities of other videogame platforms (*cough*PS3*cough*) could lead to faster development cycles. And developers might also end up saving a buck or two here, which is never a bad thing. This is all just speculation on our part, though.

Would any game developers in the audience care to enlighten us?